Global Plant Growth Regulators Industry was valued at USD 2.2 Billion in the year 2017. Global Plant Growth Regulators Industry is further estimated to grow at a CAGR of 6.3% from 2019 to reach USD 3.49 Billion by the year 2025. Europe region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecast period due to growing demand of Plant growth regulators and developing agriculture sector. At country level U.K in Europe and China, Australia & New Zealand in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming.
Major market players in Plant Growth Regulators are The DOW Chemical Company, Syngenta AG, Tata Chemicals, Bayer Cropscience AG, FMC Corporation, Arysta Lifescience, Adama Agricultural Solutions Ltd, BASF SE, Nufarm Ltd, Nippon Soda, Redox Industries Ltd., DuPont, and brief overview of 10 companies is also provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis of Plant Growth Regulators Industry:
• Advancing agricultural techniques
• Growing textile industry
• Increasing adoption of organic food.
• Strict government regulations and policies
• Growing agro-chemical Industry
• High opportunities in the developing region
• Growing need for eco-friendly techniques of farming
• Lack of awareness regarding benefits associated with plant growth regulators
• High cost
The segmentation is done on the basis of Type, by Formulations, by Crop Type, and by Region. On the basis of Types, the global Plant Growth Regulators Industry is sub-segmented as Auxins, Cytokinins, Ethylene, Gibberellins and Others of which the cytokinins segment is expected to hold the highest Industry share during the forecast period and have high adoption rate mainly in North America.
Plant Growth Regulators Industry Segmentation:
• Water-Dispersible & Water-Soluble Granules
• Wettable Powders
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa